Clark Capital Management Group Inc. Sells 45,045 Shares of SPDR Blackstone Senior Loan ETF $SRLN

Clark Capital Management Group Inc. cut its position in shares of SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) by 43.8% in the third quarter, Holdings Channel.com reports. The firm owned 57,901 shares of the company’s stock after selling 45,045 shares during the quarter. Clark Capital Management Group Inc.’s holdings in SPDR Blackstone Senior Loan ETF were worth $2,408,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC lifted its stake in SPDR Blackstone Senior Loan ETF by 1,749.1% in the third quarter. GPS Wealth Strategies Group LLC now owns 1,017 shares of the company’s stock worth $42,000 after purchasing an additional 962 shares during the last quarter. Ancora Advisors LLC grew its stake in shares of SPDR Blackstone Senior Loan ETF by 42.3% during the third quarter. Ancora Advisors LLC now owns 1,540 shares of the company’s stock valued at $64,000 after buying an additional 458 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of SPDR Blackstone Senior Loan ETF during the second quarter valued at approximately $69,000. Hollencrest Capital Management raised its holdings in shares of SPDR Blackstone Senior Loan ETF by 12.7% in the second quarter. Hollencrest Capital Management now owns 2,540 shares of the company’s stock worth $106,000 after buying an additional 286 shares during the period. Finally, Centennial Bank AR purchased a new stake in shares of SPDR Blackstone Senior Loan ETF in the third quarter worth approximately $143,000.

SPDR Blackstone Senior Loan ETF Price Performance

Shares of SRLN stock opened at $40.00 on Tuesday. SPDR Blackstone Senior Loan ETF has a 52-week low of $39.08 and a 52-week high of $41.67. The stock has a 50 day moving average price of $40.70 and a 200 day moving average price of $41.12.

SPDR Blackstone Senior Loan ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.2277 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 6.8%.

SPDR Blackstone Senior Loan ETF Profile

The SPDR Blackstone Senior Loan ETF (SRLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund provides actively managed exposure to noninvestment-grade, floating-rate senior secured debt of US and non-US corporations that resets in 3 months or less. SRLN was launched on Apr 3, 2013 and is managed by State Street.